It's important to have a financial plan in place before reopening. Cash might run out fast if you don’t plan ahead. Here are some of our recommendations:
Prepare a cash flow projection
Identify products or services that profit the most and produce quick cash.
Be creative and see how you can add new product/services that can bring cash quickly to the business.
It is important to prioritize expenditures. Remove unnecessary expenses.
Run your business on a short leach.
Talk to your vendors if you have any. Let them know what your plan is if you need to purchase products.
We are here to help you!
Getting back to business is very important but remember, SAFETY FIRST!
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